5 important points to consider before buying a home

With SBI doing away with the teaser loan and RBI increasing policy rates, home loan has become once again more expensive for Indian borrowers. The home loan rates since then have been raised to at least 9.5% offered by SBI and few NBFCs such as Indiabulls finance.

Other banks and NBFCs may charge even higher. One cannot do much in this case as the interest rate is affected by RBI's policy rate. However, one can certainly do their due diligence before buying a home on a home loan.

Let's look at top five points that you need to consider before buying your dream house.

Text: www.bankbazaar.com

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